Detailed Single Year Tables

Description of Proposed Provision:
E3.11: Beginning in 2024, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $300,000 in 2017, with the threshold wage-indexed after 2024. Do not provide benefit credit for additional earnings taxed.

&nbsp

Financial Estimates for the OASDI Trust Fund Program

&nbsp

&nbsp

Proposal

&nbsp

Change from Present Law

&nbsp

Expressed as a percentage of present-law taxable payroll

Trust fund ratio as of January 1

Expressed as a percentage ofpresent-law taxable payroll

Calendaryear

Costrate

Incomerate

Annualbalance

Costrate

Incomerate

Annualbalance

2016

14.05

12.94

-1.10

303

0.00

0.00

0.00

2017

13.72

12.92

-0.80

293

0.00

0.00

0.00

2018

13.86

12.96

-0.90

277

0.00

0.00

0.00

2019

13.99

12.97

-1.02

262

0.00

0.00

0.00

2020

14.13

12.98

-1.15

246

0.00

0.00

0.00

2021

14.27

13.00

-1.27

231

0.00

0.00

0.00

2022

14.49

13.03

-1.46

216

0.00

0.00

0.00

2023

14.76

13.06

-1.70

200

0.00

0.00

0.00

2024

15.02

13.29

-1.73

183

0.00

0.20

0.20

2025

15.28

13.32

-1.97

167

0.00

0.21

0.21

2026

15.47

13.33

-2.14

151

0.00

0.21

0.21

2027

15.65

13.35

-2.30

136

0.00

0.21

0.21

2028

15.81

13.36

-2.45

120

0.00

0.21

0.21

2029

15.97

13.38

-2.59

104

0.00

0.21

0.21

2030

16.10

13.39

-2.71

88

0.00

0.21

0.21

2031

16.22

13.40

-2.82

72

0.00

0.21

0.21

2032

16.33

13.41

-2.92

56

0.00

0.21

0.21

2033

16.41

13.41

-2.99

39

0.00

0.21

0.21

2034

16.46

13.42

-3.04

21

0.00

0.21

0.21

2035

16.50

13.42

-3.07

3

0.00

0.21

0.21

2036

16.55

13.43

-3.13

----

0.00

0.21

0.21

2037

16.60

13.43

-3.16

----

0.00

0.21

0.21

2038

16.61

13.44

-3.18

----

0.00

0.21

0.21

2039

16.61

13.44

-3.17

----

0.00

0.21

0.21

2040

16.59

13.44

-3.15

----

0.00

0.21

0.21

2041

16.56

13.44

-3.12

----

0.00

0.21

0.21

2042

16.53

13.44

-3.09

----

0.00

0.21

0.21

2043

16.50

13.44

-3.06

----

0.00

0.21

0.21

2044

16.47

13.44

-3.03

----

0.00

0.21

0.21

2045

16.45

13.44

-3.01

----

0.00

0.21

0.21

2046

16.42

13.44

-2.98

----

0.00

0.21

0.21

2047

16.40

13.44

-2.96

----

0.00

0.21

0.21

2048

16.38

13.44

-2.94

----

0.00

0.21

0.21

2049

16.37

13.44

-2.93

----

0.00

0.21

0.21

2050

16.35

13.44

-2.92

----

0.00

0.21

0.21

2051

16.36

13.44

-2.91

----

0.00

0.21

0.21

2052

16.37

13.44

-2.93

----

0.00

0.21

0.21

2053

16.39

13.44

-2.94

----

0.00

0.21

0.21

2054

16.42

13.45

-2.97

----

0.00

0.21

0.21

2055

16.46

13.45

-3.01

----

0.00

0.21

0.21

2056

16.50

13.45

-3.05

----

0.00

0.21

0.21

2057

16.55

13.46

-3.09

----

0.00

0.21

0.21

2058

16.60

13.46

-3.14

----

-0.01

0.21

0.21

2059

16.65

13.47

-3.19

----

-0.01

0.21

0.21

2060

16.70

13.47

-3.23

----

-0.01

0.21

0.21

2061

16.75

13.47

-3.28

----

-0.01

0.21

0.21

2062

16.80

13.48

-3.32

----

-0.01

0.21

0.21

2063

16.85

13.48

-3.37

----

-0.01

0.21

0.21

2064

16.90

13.48

-3.41

----

-0.01

0.21

0.21

2065

16.95

13.49

-3.46

----

-0.01

0.21

0.21

2066

17.00

13.49

-3.51

----

-0.01

0.21

0.22

2067

17.05

13.50

-3.56

----

-0.01

0.21

0.22

2068

17.11

13.50

-3.61

----

-0.01

0.21

0.22

2069

17.16

13.50

-3.66

----

-0.01

0.21

0.22

2070

17.21

13.51

-3.70

----

-0.01

0.21

0.22

2071

17.26

13.51

-3.75

----

-0.01

0.21

0.22

2072

17.30

13.51

-3.78

----

-0.01

0.21

0.22

2073

17.33

13.51

-3.82

----

-0.01

0.21

0.22

2074

17.36

13.52

-3.84

----

-0.01

0.21

0.22

2075

17.38

13.52

-3.86

----

-0.01

0.21

0.22

2076

17.40

13.52

-3.88

----

-0.01

0.21

0.22

2077

17.40

13.52

-3.88

----

-0.01

0.21

0.22

2078

17.40

13.52

-3.88

----

-0.01

0.21

0.22

2079

17.40

13.52

-3.88

----

-0.01

0.21

0.22

2080

17.39

13.52

-3.87

----

-0.01

0.21

0.22

2081

17.39

13.52

-3.87

----

-0.01

0.21

0.22

2082

17.40

13.52

-3.88

----

-0.01

0.21

0.22

2083

17.41

13.52

-3.89

----

-0.01

0.21

0.22

2084

17.43

13.52

-3.91

----

-0.01

0.21

0.22

2085

17.46

13.53

-3.93

----

-0.01

0.21

0.22

2086

17.50

13.53

-3.97

----

-0.01

0.21

0.22

2087

17.53

13.53

-4.00

----

-0.01

0.21

0.22

2088

17.58

13.53

-4.04

----

-0.01

0.21

0.22

2089

17.62

13.54

-4.09

----

-0.01

0.21

0.22

2090

17.67

13.54

-4.13

----

-0.01

0.21

0.22

2091

17.71

13.54

-4.17

----

-0.01

0.21

0.22

&nbsp

Summarized Estimates

&nbsp

&nbsp

Proposal

&nbsp

Change from Present Law

Years

Costrate

Incomerate

Actuarialbalance

Year of reserve depletion1

Costrate

Incomerate

Actuarialbalance

Based on Intermediate Assumptions of the 2016 Trustees Report.

2016-2090

16.50%

14.03%

-2.47%

2035

-0.00%

0.18%

0.19%

&nbsp

1 Under present law, the year of Trust
Fund reserve depletion is 2034.